Word: slump
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...mistake made in 1979 by Britain's Margaret Thatcher, when she tried to reduce a revenue shortfall brought on by sharp income tax cuts by raising the value-added taxes on consumer goods. Many economists now believe that the Thatcher taxes seriously aggravated Britain's economic slump by further curtailing purchasing power when the economy was already slipping sharply...
Good broke out of a personal slump with her best performance of the year. She shaved nine seconds from her previous best at Franklin Park...
...President characterized the recession as "slight and, I hope, short." Murray Weidenbaum, his chief economic adviser, predicted that recovery would begin early in 1982. Some private forecasters, however, foresee a serious slump dragging on until the middle of next year. Nor is there any indication yet how much the recession might bring down inflation, if at all. In fact, consumer prices in September leaped up at a shocking annual rate...
...problem is that a recession would shrink tax revenues and increase Government spending for measures like unemployment compensation. Thus the slump now under way seems sure to worsen federal deficits that already are spiraling out of control. Senate Budget Committee Chairman Pete Domenici estimated last week that the deficit in fiscal 1982 could total $60 billion, vs. an Administration forecast of $43 billion, and could be $70 billion in fiscal 1984, the year in which Reagan has pledged to balance the budget. Red ink on anything like that scale could both delay recovery from recession, because Government borrowing to cover...
Harvard's play against Boston College was reminiscent of the team's recent slump "We had spots of brilliance, but most of it [the game] was played at their energy level," Crimson coach Karyn Altman said...